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  1. Government encouraging tax avoidance: William Buck

    further complexity to the tax system. This again increases opportunities and incentives for tax avoidance,” he said. “The last thing Australia needs to do is create, within our own borders, complex and inefficient tax arrangements that add more...

    • Type: Article
    • Author: Michael Masterman
    • Category: Tax

  2. Business conditions down but confidence up

    better but still soft, profits weaker,” he added. Despite the marginal improvement in confidence, the trend remains down on last year’s highs, with no signs of an immediate reversal. Soft forward orders and headwinds from business investment and a soft...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  3. The future of reporting

    by a company as part of their business strategy,” added Mr White. The International Integrated Reporting Council (IIRC) last year released its International Framework to establish globally accepted guiding principles and content elements that govern the...

    • Type: Article
    • Author: Michael Masterman
    • Category: Regulation

  4. Have you got the right skills for the job?

    Group of recruitment companies indicated the oversupply of accountants in Australia has doubled to around 1,600 since June last year, something Mr Batty said could be due to a mismatch of skill sets. “It could well be that the people in oversupply,...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  5. NZ Budget shows the way

    great strides it has made in achieving a strong economic recovery,” Mr White said. “By turning around its deficits of the last six years, New Zealand can now spend more money on big ticket issues like research and development, and welfare measures such...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  6. Government must cut compliance costs: William Buck

    has called on the government to accelerate tax and regulatory reform saying that despite making it clear during last year's election that it would target regulation and red tape, the Abbott government has taken little action of any significance to cut...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  7. ATO to scrutinise SMSFs

    from July this year, will give the ATO the ability to fine SMSF trustees who fail to meet their regulatory obligations. Last year, 18,000 SMSF contraventions were lodged with the ATO, of which approximately half could have incurred penalties based on...

    • Type: Article
    • Author: Michael Masterman
    • Category: Super

  8. Red-tape savings passes the House

    Representatives. The federal government successfully passed the Paid Parental Leave Amendment 2014 through the Lower House last night. The minister for small business, Bruce Billson, said if passed by the Senate, the legislation will mean business will...

    • Type: Article
    • Author: Michael Masterman
    • Category: Regulation

  9. Purse strings tighten for accountants

    focus on performance reporting, efficiencies and cost control,” she said. Salaries were stable in professional practice last year, with a number of firms giving only the minimal annual increase, Ms Roeder said. “Candidate movement was seen in the big...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  10. Leading firm announces 93 new partners

    to the 37 experienced lateral hires, including an additional seven female partners who have joined the partnership in the last 12 months. Giam Swiegers, Deloitte’s chief executive, said he was pleased to see females feature strongly in this year’s round...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  11. Specialist SMSF business unit announced

    as well as borrowing requirements of our clients,” Chan & Naylor said in a statement. After partnership growth over the last 24 months, Chan & Naylor is also looking to grow its business through new joint venture partnerships (JVPs) and ‘tuck-in’...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  12. SuperStream delay causes ATO concern

    “It is important trustees get in place the arrangements sooner rather than later and certainly don't leave it until the last minute,” Mr Hind said. “They are likely to run into problems with getting it completed on time, or not being able to implement...

    • Type: Article
    • Author: Staff Reporter
    • Category: Super

  13. Socceroos kicking goals for accountants

    clients so everyone wins,” Ms Maury said. Intuit has made a concerted effort to boost its presence in Australia over the last 12 months, expanding its team on the ground and investing heavily in sales, marketing, product and customer care, according to...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  14. Deloitte adds Canberra consultancy

    business transformation capability and will further boost the 10 partners we have added to our Canberra practice over the last year.” “We now have 24 partners and 163 people across our Barton and Brindabella offices,” she said. Analytics Group partners...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  15. Insolvencies set to spike

    a fall of 21.1 per cent in companies entering formal insolvency appointments in the first quarter of 2014 compared to the last quarter of 2013. Neil Cribb, national head turnaround and insolvency group at RSM Bird Cameron said the firm does not believe...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  16. NSW budget shows widening fiscal gap

    investment. “This is the preferred growth model that appears to be favoured federally as well, and the initiatives over the last two years in NSW show the model is effective in delivering positive outcomes for taxpayers,” he said. “Strong fiscal...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  17. Cash flow issues hitting SMEs

    that businesses were forced to wait an average of 56 days for payment in the first quarter of 2014, compared with 53 in the last quarter of 2013. Scottish Pacific chief executive Peter Langham said delayed payments can inhibit the ability of SMEs to...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  18. ATO targeting offshore avoidance

    initiative, he said. Under Project Do It, people disclosing their offshore assets will generally be assessed for the last four years, be liable for a maximum shortfall penalty of 10 per cent and full shortfall interest charges, and will not be...

    • Type: Article
    • Author: Michael Masterman
    • Category: Regulation

  19. Sam Allert talks technology

    recently. Of course, as everyone would probably say, cloud technology has been huge but the other big advancement over the last few years has been integrations. What I mean by that is advancements in technologies around data feeds, whether that’s bank...

  20. MYOB developing its own client portal

    to AccountantsDaily, Adam Ferguson, MYOB’s general manager, accountants division said Deloitte Private Connect, launched last week, is an innovative offering from the big four firm that will help redefine an evolving accounting industry. “I think it...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business
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